Keel Infrastructure Corp. (KEEL) CEO receives 1.67M RSU equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Gagnon Benjamin reported acquisition or exercise transactions in this Form 4 filing.

Keel Infrastructure Corp. reported that Chief Executive Officer Benjamin Gagnon received a grant of 1,665,300 restricted stock units (RSUs) on April 2, 2026. Each RSU represents a contingent right to receive one share of common stock or equivalent cash at the company’s election.

The RSUs vest yearly in three equal installments, beginning on April 2, 2027. This is a non-cash equity compensation award that, if and as it vests and is settled in shares, will increase Gagnon’s ownership in the company over time.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gagnon Benjamin

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,665,300	$0.00	--

Holdings After Transaction: Restricted Stock Units — 1,665,300 shares (Direct)

Footnotes (1)

Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock or an equivalent value in cash at the issuer's election. The RSUs vest yearly in three equal installments starting April 2, 2027.

Key Figures

RSUs granted: 1,665,300 units Grant price per RSU: $0.0000 RSUs outstanding after grant: 1,665,300 units +3 more

6 metrics

RSUs granted 1,665,300 units Restricted stock units granted to CEO on April 2, 2026

Grant price per RSU $0.0000 Indicates non-cash compensation grant, not a market purchase

RSUs outstanding after grant 1,665,300 units Total RSUs held by CEO following reported transaction

Underlying common shares 1,665,300 shares Each RSU equals one share of common stock if settled in shares

Vesting start date April 2, 2027 First of three annual vesting installments for RSUs

Vesting structure 3 equal yearly installments RSU award vests over three years beginning April 2, 2027

Key Terms

Restricted Stock Units, RSU, contingent right, vest

4 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units""

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

RSU financial

"Each restricted stock unit ("RSU") represents a contingent right"

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

contingent right financial

"represents a contingent right to receive one share of common stock"

vest financial

"The RSUs vest yearly in three equal installments starting April 2, 2027."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 4 Insider Transactions: What Each Field Means →

04/06/2026 - 05:01 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gagnon Benjamin

(Last)

(First)

(Middle)

120 BROADWAY

SUITE 1075

(Street)

NEW YORK

10004

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Keel Infrastructure Corp. [ KEEL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	04/02/2026		A		1,665,300		⁽²⁾	⁽²⁾	Common Stock	1,665,300	$0	1,665,300	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock or an equivalent value in cash at the issuer's election.

2. The RSUs vest yearly in three equal installments starting April 2, 2027.

	/s/ Rachel Silverstein, as attorney-in-fact	04/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Keel Infrastructure Corp. (KEEL) report for its CEO?

Keel Infrastructure Corp. reported that CEO Benjamin Gagnon received a grant of 1,665,300 restricted stock units. These RSUs were awarded on April 2, 2026 as equity compensation and may convert into common shares or cash, depending on the company’s election at settlement.

How many restricted stock units were granted to the KEEL CEO in this Form 4?

The CEO of Keel Infrastructure Corp. was granted 1,665,300 restricted stock units. Each RSU represents a contingent right to receive one share of common stock or an equivalent cash amount, giving the award significant potential value as it vests over future years.

What is the vesting schedule for the Keel Infrastructure Corp. CEO’s RSU grant?

The RSUs granted to Keel Infrastructure Corp.’s CEO vest in three equal yearly installments. Vesting starts on April 2, 2027, meaning one-third of the award vests each year over three years, subject to the grant’s underlying conditions being satisfied during that period.

Does the KEEL CEO’s RSU grant involve an immediate cash outlay or purchase?

The RSU grant to Keel Infrastructure Corp.’s CEO does not involve a purchase or cash outlay. The Form 4 shows a grant at $0.0000 per unit, reflecting compensation rather than a market transaction, with value realized only upon vesting and settlement in shares or cash.

What does each RSU in the Keel Infrastructure Corp. CEO award represent?

Each RSU in the CEO’s award represents a contingent right to receive one share of Keel Infrastructure Corp. common stock or an equivalent cash value. The company chooses the settlement form, and the rights only materialize as units vest under the specified three-year schedule.